DMAR Digest | Week of March 6
Must read
LAST CHANCE: Ticket Sales End Today for #EA23
Do you have your ticket for the 2023 Excellence Awards? This is the BIGGEST Realtor® awards event in Colorado. Join over 600 attendees for networking, lunch, a live award show and drinks to toast the winners. Along with awarding individuals, partnerships, teams, offices and projects, we'll be announcing the winners of our special recognition awards including the Oliver Frascona Lifetime Achievement Award, Broker/Manager of the Year, Realtor® of the Year and this year’s new award, The Pathways Award.
Grab your tickets now - registration closes today, March 6th at 5:00 PM.
This Week
March 7 - 8 | 9:00 AM - 5:00 PM
Accredited Buyer’s Representative (ABR®)
Virtual, hosted on Zoom
CE Credits: 12
Register Here →
March 9 | 11:00 AM - 2:00 PM
2023 Excellence Awards: Step into the Spotlight
In-Person, Seawell Ballroom at the DCPA
CE Credits: 0
Register Here →
From DMAR
[INFOGRAPHIC] Market Trends Overview | MAR. '23
Download the March Market Trends Report infographic. This is a great resource to share with your clients and colleagues on social media, your website or via email or even print. Download Here
Download Your March Market Trends Report | FREE
The DMAR Market Trends Report is now a member-exclusive benefit. To view/download your report, please login here. You'll need your email address OR the last six digits of your real estate license and your DMAR password. Looking for last month's report? All of the previous reports are still archived on the DMAR website, here.
2023 Denver Municipal Election Endorsements
The Denver Metro Association of Realtors® is pleased to share its Denver City Council endorsements for the upcoming April 2023 election. We encourage our members to support these great candidates and also learn more about these them by visiting their campaign websites. View Endorsements
Oppose Detrimental Rent Control Policies Before It's Too Late
Colorado lawmakers are considering a repeal of the prohibition on local rent control. Colorado Association of Realtors® is opposed to rent control, which would be a huge detriment to Colorado's housing market. Please send a pre-written message to your legislator urging them to OPPOSE rent control and support housing policies that work. Take Action
Be Seen! Submit Your Realtor®-Client Success Stories
We are looking for YOUR success stories to share on social media and on our website. This is a great way to get your name, face and expertise out there. If you have a story to share, please let us know by filling out this form! Fill Out Form
In the News
Higher mortgage rates dim hope for a busy spring housing market
However, it’s not all doom and gloom. There are hopes for more activity toward the latter half of the year. The MBA expects the 30-year fixed-rate mortgage to drop to 6.1% in the second quarter, 5.7% in the third quarter and 5.3% in the fourth quarter. “The year is starting off slowly, but I think we’re going to finish in a pre-pandemic number,” Monson said. “Last year [production] was front-end loaded [and] this year is going to be back-end loaded.”. Read More
Metro Denver housing market crosses firmly into negative territory in February
Metro Denver single-family home prices, after dancing between an annual loss and gain in January, crossed over to the dark side with both feet in February. The median price of a single-family home sold in metro Denver last month was $600,000, down 5.7% from the same month a year earlier, according to a monthly update from the Denver Metro Association of Realtors®. That decline happened despite more robust activity in February, including a 0.8% jump in median prices from January. Read More
Inventory remains a problem in Denver's housing market, report says
Median home prices in the Denver area hit $562,500, an increase of 4.39% from January, but missing the mark by 2.17% from last February. The average price of Denver-area homes was $657,921 in February, up 5.23% from January and a 1.29% increase from last year, according to the latest monthly report from the Denver Metro Association of Realtors®. Read More
Certainty is a Basic Human Need and Homeowners Today Have it | Guest Post
As an industry, the real estate market has been feeling the stress. Rate volatility, buyer shutout, seller lockdown and inventory crisis have become common topics of conversation. Those of us in it every day are hyper-focused on this distress. When I step back and look, I can’t help but be reminded of the advantages. Read More
Notice: Showing Scam in Colorado
CAR has become aware of several instances in multiple locations across the state where scammers are reaching out to listing brokers to gain access to listed properties. In the most common scenario, the scammer will attempt to schedule a showing directly with the listing broker while impersonating an active, licensed broker working with a buyer. They will text or call the listing broker looking to schedule a showing outside the normal showing service protocol by indicating that showing schedule service is “unavailable” or “down for maintenance.” Read More
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